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Commercial - Boiler and Pressure Plant Insurance

Boiler Pressure Plant Policy covers Boiler & Pressure vessel installed at your premises against risk of Explosion, Implosion and Collapse. It can be extended to cover third party liability and other specified risks.

What does this Policy cover?
The Policy covers damage due to Explosion, Implosion, Collapse leading to the
  1. Damage to the Boilers & Pressure vessels
  2. Damage to Surrounding property, up to fixed limits, arising due to explosion & collapse of the pressure plant during normal course of working
  3. Third party legal liability, up to fixed limits, arising due to
    1. Death or bodily injury to third parties
    2. Damage to property of third parties (not held in trust or on commission) caused by and solely due to explosion or collapse occurring in the course of ordinary working

Optional Extensions
  1. Express Freight
  2. Air Freight
  3. Owners surrounding property
  4. Third party liability
  5. Additional custom duty

The Policy does not cover the following:

Loss or damage resulting from:
  1. Fire, lightning, Inundation, Flood, Storm , Earthquake, Subsidence, landslide Chemical Explosion, Burglary and Theft, Impact by land borne/water borne craft
  2. Wear and Tear, faults or defects existing at the time of commencement of insurance which ought to have been or were known to you, Faults or defect for which the supplier is responsible either by law or under contract
  3. War or warlike operations, Nuclear reaction, radiation or radioactive contamination
  4. Loss damage and/or liability resulting from overload experiments or tests
  5. The failure of individual tubes in Boilers of the water tube locomotive or other multitubular types, in Super heaters or in Economizers
  6. Willful acts or gross negligence by you or your representatives

Note: The above are only the salient features of the Policy , for complete terms and conditions please refer to Policy Wordings.
Regd & Corp Office : Universal Sompo General Insurance Co Ltd. Unit No 401, 4th Floor,Sangam Complex, 127,
Andheri Kurla Road,Andheri (E), Mumbai- 400059. Tel : 022-29211800, Fax : 022-29211844
Insurance is the subject matter of solicitation. IRDA Registration Number - 134. CIN # U66010MH2007PLC166770. Control Number - ENG/Website/Oct2014.

“IRDA or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums”; “IRDA does not announce any bonus”;
“Those receiving such phone calls are requested to lodge a police complaint along with details of phone call and number”.

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